Business Rates
Business
Rates are one of the biggest costs facing any occupier of a commercial property
and is dependant on the Rateable Value of the premises. This is set by the
Valuation Office Agency (VOA) and is simply an estimate of the rental value of
that property at a particular moment in time.
The current rating list came into effect from the 1st April 2010. The ratable values are based on the hypothetical rental values back-dated to the anticedent of 1st April 2008 which was when rental levels were at their highest. As a result, ratable values have more than doubled in the West End. We therefore believe it is important to scrutinise these ratable values now.
In th first instance, contact us.